Paragon Care (Germany) Market Value
| PXS Stock | EUR 0.28 0.01 3.70% |
| Symbol | Paragon |
Paragon Care 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paragon Care's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paragon Care.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Paragon Care on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Paragon Care Limited or generate 0.0% return on investment in Paragon Care over 720 days. Paragon Care is related to or competes with KINGBOARD CHEMICAL, China BlueChemical, SEKISUI CHEMICAL, and Harmony Gold. Paragon Care Limited supplies durable medical equipment, medical devices, and consumable medical products to health and ... More
Paragon Care Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paragon Care's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paragon Care Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.24 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.7 |
Paragon Care Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon Care's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon Care's standard deviation. In reality, there are many statistical measures that can use Paragon Care historical prices to predict the future Paragon Care's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.02) |
Paragon Care Limited Backtested Returns
At this point, Paragon Care is out of control. Paragon Care Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0535, which implies the firm had a 0.0535 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Paragon Care Limited, which you can use to evaluate the volatility of the company. Please check Paragon Care's Risk Adjusted Performance of 0.0063, coefficient of variation of (75,622), and Variance of 10.36 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Paragon Care has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paragon Care's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paragon Care is expected to be smaller as well. Paragon Care Limited right now holds a risk of 3.21%. Please check Paragon Care Limited potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Paragon Care Limited will be following its historical price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Paragon Care Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Paragon Care time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paragon Care Limited price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Paragon Care price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paragon Care Limited lagged returns against current returns
Autocorrelation, which is Paragon Care stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paragon Care's stock expected returns. We can calculate the autocorrelation of Paragon Care returns to help us make a trade decision. For example, suppose you find that Paragon Care has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Paragon Care regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paragon Care stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon Care stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon Care stock over time.
Current vs Lagged Prices |
| Timeline |
Paragon Care Lagged Returns
When evaluating Paragon Care's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon Care stock have on its future price. Paragon Care autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paragon Care autocorrelation shows the relationship between Paragon Care stock current value and its past values and can show if there is a momentum factor associated with investing in Paragon Care Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Paragon Stock
Paragon Care financial ratios help investors to determine whether Paragon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paragon with respect to the benefits of owning Paragon Care security.